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Top Rated Budgeting Software with Income & Balance Sheet in 2026

Verified reviewer profile picture
Verified reviewer profile picture

All user reviews are verified by in-house moderators and provider data by our software research team.  Learn more

Last updated: February 2026

Income and balance sheets are crucial for tracking financial performance, making informed decisions, and ensuring accuracy in reporting. They provide detailed insights into expenses, revenues, and overall financial health, enabling better planning and analysis. Our reviewers in budgeting software rated this feature as highly important.

4 Best Budgeting Software with Income & Balance Sheet

  • Xero
  • NetSuite
  • QuickBooks Online Advanced
  • QuickBooks Online - Highest rated for income & balance sheet

See other top Budgeting products with income & balance sheet

How we picked the 4 top rated products

We chose the high-performing solutions on this list based on verified user ratings on our site. Depending on available data, qualifying products either had to be among the most user-reviewed or the most searched-for products in the budgeting software category. They also needed to have sufficient reviews about income & balance sheet, have a minimum user rating of 3 out of 5 for that feature, and show evidence of U.S. market presence. We then added a distinction for the product with the highest rating for income & balance sheet based on our proprietary ratings and reviews. Sponsorship or client status has no influence on the selection of these products, but it may impact the order in which products appear.

Details for the 4 best products

Xero logo

Xero

4.4
(3.2K)
visit website

User insights about the income & balance sheet feature

Reviewers indicate that Xero's income and balance sheet capabilities are user-friendly and customizable. They appreciate the ease of generating and navigating reports, the clear presentation of financial data, and the ability to drill down into details. Users value the flexibility in configuring accounts and the real-time visibility into financial performance. Some mention minor issues with report formatting and integration, but overall, they find Xero's reporting tools helpful for financial management and decision-making.
“Xero provides easy generation of key financial statements like profit and loss/income statement and balance sheet. Users can produce these standard reports with just a few clicks.Key features related to income statement and balance sheet reporting:Automatically pull data from transactions, accounts, sales, bills etc.Flexible configuration of income and expense accounts.Comparative reporting for multiple periods.Drill down into line items for details.Attach notes and supporting documents.Export reports as PDFs or Excel files.Set up scheduled report generation.Adjust reporting by cash or accrual basis.Add custom reporting lines if required.Overall, Xero reduces the complexity of generating critical financial statements. The dynamic reporting gives business owners real-time visibility into financial performance from any device. Key metrics are readily available to aid data-driven decision making.”
RN

Ra N.

programmer

“Accurate and up to date income and balance sheet data in "Xero" is crucial for both data input and report sources, poviding valuable financial insights and support effective business management. ”
Verified reviewer profile picture

Anna F.

Administrator

Budgeting key features coverage

Xero offers 5 out of the 5 key features for Budgeting software identified by reviewers:

Reporting/Analytics4.5
Data Import/Export4.4
Profit/Loss Statement4.7
Billing & Invoicing4.6
General Ledger4.4

Pros and cons based on 3,250 verified reviews

60% of users rated Xero 5 out of 5 stars, while 5% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 3,250 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Cloud accounting accessibility

Customizable dashboard

Effective bookkeeping tools

Accessible learning resources

User-friendly interface

Cons:

Slow issue resolution

Poor customer support

Limited inventory management

Lack of live support

Underdeveloped mobile access

See pros and cons details

Pricing

Starting price:$25 flat rate/per month|Free version:Not available|Free trial:Available

Prices may vary depending on the number of users and features.

NetSuite logo

NetSuite

4.2
(1.7K)
visit website

User insights about the income & balance sheet feature

Reviewers highlight NetSuite's income and balance sheet capabilities for their ease of use and detailed insights. They appreciate the ability to customize reports, drill down into transactions, and access real-time data. Users find these reports crucial for financial audits, management decision-making, and providing clear financial overviews. Some mention difficulties with report headers and the need for better customization options, but overall, they value NetSuite's powerful financial reporting tools and real-time visibility.
“The income and balance sheet are easy to access without having to request a report. They can be update with a simple push of the Refresh button. The ability to see previous fiscal periods without having to do anything special has allowed the company to stay abreast of the health of the company. ”
CS

Cheryl S.

IT/AR

“Income and Balance sheets are captured accurately as long as the right account has been selected through the transactions. NetSuite reduces avenues for these sorts of mistakes.”
Verified reviewer profile picture

Akaninyene E.

Oracle Netsuite ERP System Administrator

Budgeting key features coverage

NetSuite offers 5 out of the 5 key features for Budgeting software identified by reviewers:

Reporting/Analytics4.1
Data Import/Export3.9
Profit/Loss Statement4.3
Billing & Invoicing4.3
General Ledger4.5

Pros and cons based on 1,791 verified reviews

44% of users rated NetSuite 5 out of 5 stars, while 5% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 1,791 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Cloud-based accessibility

Efficient inventory management

Flexible customization options

Customizable and informative dashboards

Convenient web access

Cons:

Slow performance speed

Prohibitive pricing for small businesses

Challenging implementation process

Inadequate customer support

Inefficient sales management

See pros and cons details

Pricing

Free version:Not available|Free trial:Not available

Prices may vary depending on the number of users and features.

QuickBooks Online Advanced logo
4.4
(1K)

User insights about the income & balance sheet feature

Reviewers appreciate QuickBooks Online Advanced's income and balance sheet capabilities for their ease of use and clarity. They find the reports easy to generate, customize, and drill down into for detailed insights. Users value the up-to-the-minute data and logical presentation format. However, some mention difficulties in customizing report layouts and finding specific information. Overall, they highlight the tool's importance for financial reporting, tax preparation, and management decision-making.
“Reports are easy to generate and customize, and QBO Advanced comes with a number of prefab templates for generating different views on these reports. Only not 5 stars because, if you have multiple company files, it can be a real chore to assemble multicompany reports from within a single company file.”
CF

Cody F.

Finance Director

“It allows for up to the minute data and presents the information in a highly logic format”
MJ

Maribeth J.

Office Manager

Budgeting key features coverage

QuickBooks Online Advanced offers 5 out of the 5 key features for Budgeting software identified by reviewers:

Reporting/Analytics4.6
Data Import/Export4.1
Profit/Loss Statement4.6
Billing & Invoicing4.4
General Ledger4.4

Pros and cons based on 1,035 verified reviews

60% of users rated QuickBooks Online Advanced 5 out of 5 stars, while 4% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 1,035 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Convenient remote access

Efficient bookkeeping

Comprehensive tracking features

Robust financial management

Organized multi-entity management

Cons:

Challenging issue resolution

Limited desktop version compatibility

High costs and confusing pricing

Inconsistent customer service

Subpar mobile accessibility

See pros and cons details

Pricing

Starting price:$235 flat rate/per month|Free version:Not available|Free trial:Available

Prices may vary depending on the number of users and features.

QuickBooks Online logo
4.3
(8.3K)

User insights about the income & balance sheet feature

Users find QuickBooks Online's income and balance sheet reporting easy to use and beneficial for tracking financial health. They appreciate the ability to toggle between cash and accrual basis, customize reports, and drill down into details. Reviewers highlight the importance of these reports for tax preparation, financial decision-making, and providing accurate information to stakeholders. Some users note the need for better customization options and clearer report formatting, but overall, they find the tool efficient and user-friendly.
“QuickBooks Online allows one to easily track different income and balance sheet items. From the income and balance sheet reports, one can select a specific entry or transaction, follow the trail, make adjustments if the inputs were incorrect.”
DO

Davis O.

Administrative Assistant

“I love that QuickBooks Online allows the user to generate a Balance Sheet and Income Statement at a particular date. Some accounting systems only allow the user to run these reports at month-end.”
DO

Dustin O.

Owner

Budgeting key features coverage

QuickBooks Online offers 5 out of the 5 key features for Budgeting software identified by reviewers:

Reporting/Analytics4.5
Data Import/Export4.4
Profit/Loss Statement4.6
Billing & Invoicing4.4
General Ledger4.4

Pros and cons based on 8,328 verified reviews

57% of users rated QuickBooks Online 5 out of 5 stars, while 5% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 8,328 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Cloud-based accessibility

Ideal for small businesses

Seamless integrations

Comprehensive accounting features

Efficient tax management

Cons:

Frequent bugs and crashes

Limited desktop features

Recurring costs and price increases

Inadequate customer support

Complicated transaction management

See pros and cons details

Pricing

Starting price:$38 flat rate/per month|Free version:Not available|Free trial:Available

Prices may vary depending on the number of users and features.

Other Top Rated Budgeting Software with Income & Balance Sheet in 2026

Power ON logo

Power ON

Power BI + planning. Edit data live. Excel feel.

visit website
Add planning to Power BI. Edit data, build forecasts, collaborate. Excel interface. Build apps in hours. AI analysis included. Secure.

Read more about Power ON

Users also considered
CCH Tagetik logo

CCH Tagetik

Cloud-based & on-premise CPM solution for financial planning

visit website
CCH Tagetik is a unified Corporate Performance Management software platform for finance budgeting, planning, dashboard-based insight reporting & data visualization

Read more about CCH Tagetik

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Limelight logo

Limelight

Cloud FP&A software for growth driven finance

visit website
Bring the best of Excel and Web together into a single workspace that directly integrates with your ERP and all data sources & consolidates it for analysis.

Read more about Limelight

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QuickBooks Online logo
Category Leaders

Accounting and business management software

QuickBooks Online is an all-in-one online business software designed to help manage business finances. The platform is built to scale businesses, unlocking insights and providing the functionality of a larger team, all on one integrated platform.

Read more about QuickBooks Online

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Xero logo
Category Leaders

Cloud-based accounting software for small businesses

Use Xero's Budget Manager to prepare budgets and compare against performance for selected periods. Create an overall budget as well as multiple sub-budgets.

Read more about Xero

Users also considered
QuickBooks Online Advanced logo

Accounting & business management for small businesses

Advanced budgeting tools for precise planning, real-time tracking, and actionable insights to support strategic financial decisions.

Read more about QuickBooks Online Advanced

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NetSuite logo

AI-powered cloud-based business management suite

NetSuite Planning and Budgeting enables quick adoption of world-class financial planning and budgeting across lines of business with flexible and customizable deployment options. It facilitates organization-wide business budgeting and planning needs.

Read more about NetSuite

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Sage Intacct logo
Category Leaders

Best-in-class Cloud ERP for Finance

Sage Intacct is a leading provider of best-in-class cloud ERP software, and is the preferred cloud financial management applications for the AICPA.

Read more about Sage Intacct

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Syft Analytics logo

The interactive & collaborative financial reporting tool.

Syft Analytics is the financial reporting and data analytics software that helps growing businesses understand their financial data.

Read more about Syft Analytics

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SAP S/4HANA Cloud logo
Category Leaders

A complete, intelligent ERP system for enterprises.

SAP S/4HANA Cloud is a cloud-based intelligent ERP system specifically developed for companies in all industries offering them a broad and flexible functionality.

Read more about SAP S/4HANA Cloud

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Sage Accounting logo

Accounting software for small businesses

Sage Accounting is an accounting system for small business owners. It has features to help users forecast their cashflow, send and track invoices and act on real-time reporting. Users can manage their business from anywhere, at any time, from the cloud and with mobile functionality. Sage Accounting application is available for iOS and Android.

Read more about Sage Accounting

Users also considered
Workday Adaptive Planning logo

Enterprise planning software for agile budgeting & reporting

Workday Adaptive Planning is an enterprise planning software that helps finance create budgets and forecasts with more speed, flexibility, collaboration, and accuracy. With unlimited scenario analysis backed by machine learning, you can quickly answer complex questions and gain real-time insights.

Read more about Workday Adaptive Planning

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LivePlan logo
Category Leaders

Business planning & performance management software

LivePlan is the business planning and management software created to support the success of small businesses and entrepreneurs. Confidently plan, fund, and grow your business with LivePlan.

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Datarails logo

Financial planning and analysis (FP&A) software

Datarails is a financial planning and analysis platform for Excel users. It automates data consolidation, reporting and planning, while enabling finance teams to continue using their own Excel spreadsheets and financial models.

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Deltek Vision logo

Project management tool for professional services managers.

Deltek Vision is a project management solution, which helps businesses in the professional services sector manage customer relationship management (CRM), project planning, document tracking, resource planning, payroll processes, and more. It improves project profitability and streamlines client relationships by managing the complete lifecycle of a project, from identifying opportunities to estimating costs.

Read more about Deltek Vision

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Phocas logo
Category Leaders

Business intelligence, financial reporting & sales analytics

Phocas delivers cloud-based BI and FP&A solutions for mid-market distribution, manufacturing and retail businesses. Seamlessly integrating with ERP systems, it simplifies data analysis, streamlines financial planning, and empowers teams to uncover insights, forecast accurately, and drive growth.

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Upmetrics logo
Category Leaders

Business plan software with AI assistance.

Upmetrics is modern, AI-powered business plan software that simplifies planning for entrepreneurs and small business owners. Equipped with industry-specific templates, a drag-and-drop builder, and an automatic forecasting tool, Upmetrics helps you create a business plan in less than an hour.

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FreeAgent logo

FreeAgent has been voted the UK's #1 accounting software.

Manage project profitability by tracking billable and non-billable time, bills, expenses and payments for each project.

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Sage 100 logo

Enterprise resource planning software

Sage 100 is a customizable business management solution that helps businesses automate financials, operations, and payroll, providing complete visibility into the operations. Sage 100 grows with the business, allowing teams to scale and meet specific needs as a small or medium-sized enterprise.

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Mint logo

Your financial life, all in one place

Mint pulls all your financial accounts into one place. Already more than 7 million users who know their information is always secure. All data is protected and validated by VeriSign and TRUSTe. Mint automatically pulls all your financial information into one place.

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Vena logo

Microsoft Excel-based FP&A software

Shorten budget cycles, streamline financial reporting and get the insights you need to plan with confidence, all in one flexible and easy-to-use platform.

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BOARD logo

The Enterprise Planning Platform

Integrate into one platform the management of processes such as: planning, budgeting, forecasting, monitoring, analysis and reporting.

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Prophix One logo
Category Leaders

Automate & streamline corporate performance management

If your budgeting process is typically painful and resource intensive, maybe it is time to consider a new approach.

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Lucanet logo
Category Leaders

Lucanet empowers the office of the CFO to lead with ease.

LucaNet delivers data transparency across the entire organization and provides the perfect platform for consolidated financial statements, financial planning, and reporting that are trustworthy and error-free.

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Sage 50 Accounting logo

Cloud-based accounting tool for small and midsized business

Sage 50 Accounting is an online accounting solution for SMBs with Office 365 integration that helps manage accounting, invoicing, cash flow, inventory, taxes, and more.

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Key features for Budgeting software

Based on GetApp's analysis of verified user reviews collected between July 2021 and August 2024.

  • Reporting/Analytics: Users value the ability to create detailed and customizable reports, track financial performance, and analyze data efficiently. Excel integration and AI-driven summaries are appreciated. 98% of reviewers rated this feature as important or highly important.
  • Data Import/Export: Reviewers highlight the quick, flexible import/export processes from multiple sources, including Excel, ERP systems, and APIs. Automation and data validation features are also valued. 96% of reviewers rated this feature as important or highly important.
  • Profit/Loss Statement: Users find the P&L statements crucial for tracking financial performance, forecasting, and making informed decisions. Customization and real-time updates enhance usability. 95% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Users find the customization, integration capabilities, and ease of generating and tracking invoices beneficial. Automated billing cycles and detailed tracking enhance efficiency. 92% of reviewers rated this feature as important or highly important.
  • General Ledger: Users value the comprehensive tracking of financial transactions, customizable chart of accounts, and integration with other systems for detailed financial reporting and analysis. 91% of reviewers rated this feature as important or highly important.